Title VII · Criminal provisions

Article 511 Redemption of a quota interest not paid up

Artigo 511.º · Amortização de quota não liberada

Código das Sociedades Comerciais · Decree-Law No. 262/86 · consolidated text checked 26 October 2026

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1. A manager of a company who, in breach of the law, proposes to the members for resolution the total or partial redemption of a quota interest that has not been paid up is punishable by imprisonment for up to 2 years or a fine.

1 - O gerente de sociedade que, em violação da lei, propuser à deliberação dos sócios amortizar, total ou parcialmente, quota não liberada é punido com pena de prisão até 2 anos ou com pena de multa.

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2. If serious damage, pecuniary or non-pecuniary, which the offender could have foreseen, is caused to any member who did not consent to the act, to the company or to a third party, the penalty is imprisonment for up to 3 years or a fine.

2 - Se for causado dano grave, material ou moral, e que o autor pudesse prever, a algum sócio que não tenha dado o seu assentimento para o facto, à sociedade ou a terceiro, a pena é de prisão até 3 anos ou pena de multa.

What we checked in this article

The offence (proposing redemption of a quota interest not paid up, up to 2 years or a fine) and the aggravation for foreseeable serious damage (up to 3 years or a fine) are retained.

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Unofficial English translation prepared by BCA Portugal for reference. Only the Portuguese text published in the Diário da República has legal force. Editorial notes are ours and are not part of the statute.

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